๐จ $LSK Short Trade Plan โ These Are the Levels Iโm Watching! ๐
๐ด SHORT trade on $LSK/USDT: The outlook suggests the price may continue to decline.
๐ Trade details:
๐ป Direction: Sell (SHORT) โ Strong
๐ฏ Entry zone: 0.220284 โ 0.221096
๐ฅ First target (TP1): 0.214022 (โ3.0%)
๐ฅ Second target (TP2): 0.209577 (โ5.0%)
๐ฅ Third target (TP3): 0.202909 (โ8.1%)
๐ Stop loss (SL): 0.229580 (+4.0%)
๐ Trading plan:
Enter only within the specified entry zone.
Take half the profits when the first target (TP1) is reached.
After reaching the first target, move the stop loss to the entry price to reduce risk.
Be patient and wait for the next targets without rushing.
๐ฅ Why am I leaning bearish?
6 out of 12 signals align with the bearish scenario, while one signal contradicts it.
๐ 4-hour trend is bearish: The price is below the EMA50 and EMA200 moving averages.
๐ 1-hour trend is bearish: The price is below the EMA50 and EMA200.
๐ป Sellers are in control of the price action: The ADX indicator on the 15-minute timeframe is at 26.2, indicating a notable trend.
โ ๏ธ Risks to keep in mind:
The price has moved far from its average, sitting around 3 times the average true range (ATR) below the EMA50 on the 1-hour timeframe, increasing the likelihood of an upward bounce before the decline continues.
๐ Summary:
The daily trend is sideways, but the technical signals lean bearish. Iโll watch the 0.220284 โ 0.221096 zone, with profit-taking then
๐ด SHORT trade on $LSK/USDT: The outlook suggests the price may continue to decline.
๐ Trade details:
๐ป Direction: Sell (SHORT) โ Strong
๐ฏ Entry zone: 0.220284 โ 0.221096
๐ฅ First target (TP1): 0.214022 (โ3.0%)
๐ฅ Second target (TP2): 0.209577 (โ5.0%)
๐ฅ Third target (TP3): 0.202909 (โ8.1%)
๐ Stop loss (SL): 0.229580 (+4.0%)
๐ Trading plan:
Enter only within the specified entry zone.
Take half the profits when the first target (TP1) is reached.
After reaching the first target, move the stop loss to the entry price to reduce risk.
Be patient and wait for the next targets without rushing.
๐ฅ Why am I leaning bearish?
6 out of 12 signals align with the bearish scenario, while one signal contradicts it.
๐ 4-hour trend is bearish: The price is below the EMA50 and EMA200 moving averages.
๐ 1-hour trend is bearish: The price is below the EMA50 and EMA200.
๐ป Sellers are in control of the price action: The ADX indicator on the 15-minute timeframe is at 26.2, indicating a notable trend.
โ ๏ธ Risks to keep in mind:
The price has moved far from its average, sitting around 3 times the average true range (ATR) below the EMA50 on the 1-hour timeframe, increasing the likelihood of an upward bounce before the decline continues.
๐ Summary:
The daily trend is sideways, but the technical signals lean bearish. Iโll watch the 0.220284 โ 0.221096 zone, with profit-taking then